Dec 6, 2012 7:30am EST
holding discussions with his counterparts from china as well as japan and south korea. he said he hopes the chinese can use their influence with their allies in pyongyang. >>> south korean foreign minister kim sung hwan has criticized north korea for spending more than $500 million on missile development. kim told a parliamentary committee that north korea is believed to have spent $400 million to build the tongchang-ri launch site and another $150 million for a missile plant outside pyongyang. unification minister yu woo-ik said the north has scheduled its next launch around the anniversary of the death of kim jong-il to enhance the authority of his son and successor, kim jong-un. yu said the north is also working to improve the reliability of its missile technology. >>> a highway operator in tokyo area has discovered a potential maintenance problem in one of its road tunnels near haneda airport. inspections by the metropolitan expressway company found one of the large rods used to hold up the tunnel's ceiling was broken. the emergency check comes three days after an expressway t
Dec 5, 2012 7:00pm PST
his counterparts from china, as well as japan and south korea. he said he hopes the chinese can use their influence with their allies in pyongyang. u.s. diplomats have made similar warnings over the years and the north koreans have ignored them. >> reporter: the ballistic missile launch will be the second since kim jong-un took pow area year ago. it will use the same launch pad at a site in the northwestern part of the country. before the first test in april, officials in pyongyang said the 30-meter, three-stage rocket was meant to carry a satellite. but japan, the united states and south korea said the launch was in fact a ballistic missile test. the test ended in failure with the rocket exploding in midair two minutes after liftoff. it broke into more than ten pieces and fell into the ocean. analysts say north korea's young leader kim jong-un wants to correct this failure before his first anniversary of his father's death on december 17th. kim may also be trying to consolidate his power base by showing his dedication to a may 31st policy. kim has also vowed to develop north korea'
Dec 6, 2012 6:00am PST
of the chinese academy of social sciences said the economy will grow 7.7%. >> translator: china's exports are slowing because of the european debt crisis and the global economic slow down. >> li said economy bottomed out in the july through september quarter. the country's consumption and industrial output improved in september and october. he predicts growth will rebound next year to about 8.2%. he said increased public investment and more monetary easing would spur the economy. but li called for flexible government policies if the situation in europe gets worse. >>> the new leader of the chooeds communist party is sending out mixed signals. xi jinping says he wants to pursue a peaceful foreign policy. at the same time, china is locked in territorial disputes with japan and several southeast asian nations over islands in the east and south china seas. xi told a group of foreign academics in beijing that china poses neither a challenge nor a threat. >> translator: looking at china's history, cultural traditions, and current conditions, china will never adopt a policy of dominance